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Caribou Coffee - Atlanta (Kennesaw) GA 2705 Cobb Pky NW 1,466 SF Retail Building Kennesaw, GA 30152 $3,190,695 CAD ($2,176.46 CAD/SF) 6% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Scheduled Rental Increases | Growing Brand
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby School | Cobb County International Airport
- Strong Demographics within 10-mile Trade Area | Six-Figure Incomes
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Near Signalized, Hard Corner | Excellent Visibility
Executive Summary
• The tenant just recently signed a 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Caribou Coffee serves high-quality handcrafted beverages and crave-worthy food in more than 800 coffeehouses worldwide
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Caribou Coffee serves high-quality handcrafted beverages and crave-worthy food in more than 800 coffeehouses worldwide
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,466 SF
Building Class
B
Year Built
1955
Price
$3,190,695 CAD
Price Per SF
$2,176.46 CAD
Cap Rate
6%
NOI
$191,387 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.85 AC
Zoning
HGB - Highway General Business
Parking
30 Spaces (20.46 Spaces per 1,000 SF Leased)
Frontage
100’ on Lakewood Dr
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-0166-0-052-0 | Improvements Assessment | $118,966 CAD |
| Land Assessment | $38,277 CAD | Total Assessment | $157,244 CAD |
Property Taxes
Parcel Number
20-0166-0-052-0
Land Assessment
$38,277 CAD
Improvements Assessment
$118,966 CAD
Total Assessment
$157,244 CAD
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Caribou Coffee - Atlanta (Kennesaw) GA | 2705 Cobb Pky NW
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